Sold
107 Toorak Road, Rivervale
House
928SQM CORNER TRIPLEX BLOCK - SLASHED 50K TO SELL
(BLUE RIBBON INVESTMENT/DEVELOPMENT)
Excellent opportunity to secure this sought after triplex development site in central Rivervale location with older style character home returning $365pw. Perfectly rectangular in shape the current owner has obtained a formal DA approval for three street frontage blocks lapsing on the 9/8/25. Surrounded by modern developments this outstanding corner block is quickly becoming a rare commodity and will be highly prized in the future by all types of developers.
THE BLOCK:
• Rectangular shaped 928sqm corner R20/30 triplex block.
• DA approval has been obtained for three street front lots.
• Build single or double level homes all with street frontage.
• Retain existing character home and build 1 home for now.
• Sewer & water services all well placed and available to site.
THE HOME:
• Classic 1951 built timber frame two bed character home.
• Separate lounge room with country style kitchen/dining.
• Massive double door lock-up garage/workshop/man cave.
• Fully fenced and secure with side gate to Campbell Street.
• Returning $365per week until 16/8/23 to excellent tenant.
THE LOCATION:
• Central high growth Rivervale location hot for development.
• Boasts a medium price of $628,000 & 7.3% 12mth growth.
• Walk to Kooyong Shops, netball courts & Rivervale primary.
• 5mins to Belmont Forum, town centre & sporting grounds.
• 5-10mins to Burswood, Optus Stadium, Vic Park & Airport.
To secure today contact Belmont's #1 agent DEVON KELLY "Mr Belmont" 0417 936 277 or DANIEL KELLY 0456 180 575
Excellent opportunity to secure this sought after triplex development site in central Rivervale location with older style character home returning $365pw. Perfectly rectangular in shape the current owner has obtained a formal DA approval for three street frontage blocks lapsing on the 9/8/25. Surrounded by modern developments this outstanding corner block is quickly becoming a rare commodity and will be highly prized in the future by all types of developers.
THE BLOCK:
• Rectangular shaped 928sqm corner R20/30 triplex block.
• DA approval has been obtained for three street front lots.
• Build single or double level homes all with street frontage.
• Retain existing character home and build 1 home for now.
• Sewer & water services all well placed and available to site.
THE HOME:
• Classic 1951 built timber frame two bed character home.
• Separate lounge room with country style kitchen/dining.
• Massive double door lock-up garage/workshop/man cave.
• Fully fenced and secure with side gate to Campbell Street.
• Returning $365per week until 16/8/23 to excellent tenant.
THE LOCATION:
• Central high growth Rivervale location hot for development.
• Boasts a medium price of $628,000 & 7.3% 12mth growth.
• Walk to Kooyong Shops, netball courts & Rivervale primary.
• 5mins to Belmont Forum, town centre & sporting grounds.
• 5-10mins to Burswood, Optus Stadium, Vic Park & Airport.
To secure today contact Belmont's #1 agent DEVON KELLY "Mr Belmont" 0417 936 277 or DANIEL KELLY 0456 180 575
